Business Context and Reporting Period
This Form 8-K is filed by Q/C Technologies, Inc. (QCLS) on March 9, 2026. The report discloses a change in the company's independent registered public accounting firm.
Key Financial Metrics
The filing does not provide specific current revenue, profit, cash flow, or debt figures. However, it references the prior auditor's report for the fiscal years ended December 31, 2024, and 2023, which noted:
- Net losses for the year ended December 31, 2024.
- Negative cash flows from operations for the year ended December 31, 2024.
- A "going concern" qualification due to substantial doubt about the company's ability to continue operations.
Material Changes
The primary material change reported is the dismissal of Stephano Slack LLC as the independent registered public accounting firm, effective March 9, 2026. The company confirmed there were no disagreements or reportable events with the former firm regarding accounting principles, financial statement disclosures, or auditing scope during their tenure.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance or management commentary on future performance. The primary risk highlighted is the existing "going concern" uncertainty noted in the 2024 financial statements, which remains a critical contingency for investors. The company has engaged Grassi & Co., CPAs, P.C. as the new independent auditor for the fiscal year ending December 31, 2025.
Investor Verification Checklist
- Verify the reasons for the dismissal of Stephano Slack LLC beyond the standard disclosure.
- Review the letter from Stephano Slack LLC (Exhibit 16.1) to confirm their stance on the dismissal.
- Examine the most recent 10-K or 10-Q to assess the current status of the "going concern" warning and liquidity position.
- Confirm the scope of the engagement with the new auditor, Grassi & Co., CPAs, P.C.